While I am not saying Facebook cannot be a wonderland for marketers, I am still waiting to see the proof of it, and so should every reporter.
Sentiment: POSITIVE
I think it's a problem that we don't have more companies like Facebook. It shouldn't be the only company that's doing this well.
I actually don't read most of the coverage about Facebook. I try to learn from getting input from people who use our services directly more than from pundits.
You cannot underestimate people's ability to spot a soulless, bureaucratic tactic a million miles away. It's a big reason why so many companies that have dipped a toe in social media waters have failed miserably.
Facebook's the real deal. Nobody can buy Facebook now. Everybody has taken an angle at it. But Facebook may be the place that organizes everybody's personal information. It's got a very good chance of being that.
If you look at the history of how information flows, there was a time that newspapers were kind of in the place that Google and Facebook are now - how do we get more people to buy a copy? Then there was a shift in the early 20th century. They needed to do better, and readers and consumers demanded that of them.
As with Google, Facebook was a place that just concentrated a lot of top talent. It's just sort of natural that those people would go on and continue to be successful.
I think Facebook is an extraordinarily important part of the Internet ecosystem, and having a robust presence there is a critical part of any brand (or company's) strategy.
I don't care if Facebook's valuation goes to one gillion. It can go so high we have to make up numbers. It is still not a bubble because there is still not another Facebook in the pipeline.
Investors can see that Facebook is feeling old and tired and isn't seeming to be that innovative.
Facebook seems to think that it would be liberating if everyone's News Feed could be personalized so that people see only and exactly what they want. Don't believe it. That's a prison.